Comments by "terrytees" (@terrytees) on "" video.
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@astilldance All assets are at the same value they were over 200 years ago, what you are experiencing is simply inflation,. A tailor made Saville row suit costs the same in the weight of gold as it did two hundreds years ago. To much money is being printed via governmental over spending.
The time after ww2 Gary points to as a example had the lowest rate of income tax set at 50%, the highest was 95%, yes there was an wealth tax in the form of inheritance tax which has stayed to this day. He also forgets to mention Britain needed rebuilding and with rebuilding comes new housing and with that comes plumbers, roofers, plasterers, building merchants, drivers, road works, the list is endless, all of them taxable with the new for of taxation brought in after WW2 that took tax straight out your pay packet before you got it, PAYE. When the lowest rate of income tax is 50% your gonna get a lot of money and with all that work required Britain flourished, today is not the same.
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On the contrary, Gary's a classic gambler in denial, he was a leverage trader for goodness sake. His whole argument is that asset prices go up because the rich buy assets yeah? He is so blind to facts that he even used gold as an example.
Pardon me for pointing out the obvious but none of these assets have increased in value, only in digits count. The Ruch don't but they to increased there value they buy them to store there value, it's an unbacked fiat system in collapse, the rich have nothing to do with that, printing money out of thin air is the reason all fiat system thought-out the history, they are doomed to fail, go back to Roman times and see for yourself.
The price of a suit in Savile Row is no different today to it's price a couple hundred years ago if you convert the fiat in to the price of gold, it's exactly the same weight. Just go look a the historical price of gold as that is the true measure of inflation, inflationary money systems anyway collapse without fail.
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